Brief: Roodmicrotec signs contract to engineer a new product for 9 million euros

RoodMicrotec N.V.

01/09/2015 07:02

Sept 1 (Reuters) - Roodmicrotec N.V.  ROON.AS : 
    * Signed contract with an OEM (Original Equipment Manufacturer) to engineer a new product 
(chip), for which Roodmicrotec will subsequently perform volume production test throughout life 
cycle of product 
    * Turnover volume over this life cycle will be approximately 9 million euros ($10.2 million) 
    * Subsequent volume production, mainly testing, will start in middle of 2016 and will 
increase over a number of years to approximately 1.2 million euros a year 
    * Engineering work for performance of order will be done in second half of 2015 and first 
half of 2016 
 
Source text for Eikon:  ID:nHUG29TXGR  
Further company coverage:  ROON.AS  
 
($1 = 0.8861 euros) 
 
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